New Ofgem energy price cap shows prices will fall 7% in July

Gas and electricity bills are set to fall from 1 July by 7% under the latest energy price cap. We have all the details on what you will pay and whether prices are expected to fall further

Person looking at their energy bills with a calculator
(Image credit: Images By Tang Ming Tung via Getty Images)

Millions of households will see their energy bills drop by around £129 a year from July as the latest energy price cap kicks in.

Ofgem, the energy regulator, today released its latest quarterly energy price cap for July to September, which sets the maximum unit price and standing charge suppliers can charge for gas and electricity.

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Energy price cap

1 April to 30 June 2025

Energy price cap

1 July to 30 September 2025

Electricity

27.03 pence per kWh

25.73 pence per kWh

Standing charge

53.80 pence daily

51.37 pence daily

Gas

6.99 pence per kWh

6.33 pence per kWh

Standing charge

32.67 pence daily

29.82 pence daily

Daniel is a digital journalist at Moneyweek and enjoys writing about personal finance, economics, and politics. He previously worked at The Economist in their Audience team.

Daniel studied History at Emmanuel College, Cambridge and specialised in the history of political thought. In his free time, he likes reading, listening to music, and cooking overambitious meals.